Streetbeat News

Dividends

CFR

Cullen/Frost Bankers declared a Q3 dividend per share of $0.95, a 3.3% increase from the previous $0.92. The dividend is payable on September 13, 2024, to shareholders of record on August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:05 pm

LHX

L3Harris Technologies (NYSE:LHX) is expected to report Q2 earnings of $3.18 per share, up from $2.97 a year ago, with projected revenue of $5.3 billion. The company declared a quarterly dividend of $1.16 per share, yielding 1.96%. Investors need 1,293 shares to earn $500 monthly from dividends. LHX shares fell 1.2% to $237.15.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 12:30 pm

KVUE

Kenvue has announced a 2.5% increase in its quarterly cash dividend, raising it from $0.20 to $0.205 per share. The third quarter dividend will be payable on August 28, 2024, to shareholders of record as of August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) reported Q2 adjusted EPS of $1.98, missing the consensus of $2.09, but sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y, while the company saw a 4% decline in Exploration & Production and a 14% increase in Integrated LNG businesses. The Board decided to keep the second interim dividend at €0.79 per share for fiscal year 2024, a nearly 7% increase from 2023. TotalEnergies repurchased 28.1 million shares in Q2 2024 for $2 billion and approved a $2 billion share buyback for Q3 2024. The company anticipates hydrocarbon production of 2.4-2.45 Mboe/d and a refinery utilization rate above 85% in Q3 2024. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 10:55 am

BAC

FTXO

KBWB

Bank of America (NYSE:BAC) shares are trading higher premarket after the company authorized a $25 billion share buyback program starting August 1, 2024. The bank also raised its quarterly cash dividend to $0.26 per share and declared a regular quarterly cash dividend of $1.75 per share on its 7% Cumulative Redeemable Preferred Stock, Series B. BAC reported better-than-expected Q2 earnings and revenue, and its stock has gained over 30% in the last 12 months. Investors can gain exposure to BAC via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 9:50 am

HFBL

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced an increase in its quarterly dividend to $0.13 per share, payable on August 19, 2024, to shareholders of record as of August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:03 pm

FNLC

First Bancorp has announced an increase in its quarterly dividend from $0.35 to $0.36 per share.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:45 pm

FLNC

Fluence Energy did not increase its quarterly dividend, contrary to previous reports.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:44 pm

BAC

Bank of America has announced an increase in its quarterly dividend from $0.24 to $0.26 per share and declared a new $25 billion stock repurchase program effective August 1, 2024, replacing the current program with $6.7 billion remaining.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:43 pm

FLNC

Fluence Energy has announced an increase in its quarterly dividend from $0.35 to $0.36 per share.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:42 pm